#美联储降息预期升温 The Fed's decision to cut interest rates by 25 basis points is expected to lower rates 2 more times this year, restarting the pace of rate cuts that has been paused since last December.

25bp is indeed a "moderate rate cut" that meets market expectations, so the market reaction is limited. This is a fantastic start and the best signal for the beginning of a bull market, as the next two rate cuts are also highly probable, so expectations will persist. A tentative cooling is consistent with the Fed's usual style, which is enough to ignite risk assets but not enough to cause the market to spiral out of control.
In fact, what really matters is not whether it's a single 25bp or 50bp, but whether the Fed clearly signals that "there will be a series of rate cuts in the future." As long as the market believes this is the beginning of a new easing cycle, it is enough to support the upward expectations of risk assets. A 50bp cut is an aggressive option: with the current economy not in a severe recession, the Fed does not need to use a "big move," and it may instead be interpreted as a negative signal of "the economy is very bad."
Summary: We are in a rate-cutting cycle, the slow bull market continues, be a long-term thinker, avoid short-term trades, stick to the bottom line, and reject noise.